Real Estate Market Snapshot – Q1 2026 in Review
In the interest of brevity, my focus for this report will be the three key trading areas and home types with which I have the most expertise: sales of residential condominiums and detached homes in The Blue Mountains, Collingwood and northwest Clearview. I also serve Wasaga Beach and Meaford and would be pleased to provide an analysis for those areas for you upon request.
While March brought a noticeable uptick in activity to these areas, with sales up significantly compared to March of last year, the start of Spring ’26 vs the end of Fall ’25 tells a different story. Single family homes sold faster and at an average of 11% higher but the number of those sales fell off by over 30%. The ratio of asking price to sale price rose by 1%. So for single family homes, there was less demand but those buyers were willing to make a decision faster and pay more for the purchase. Just the opposite happened in the condo market … average values fell by 9%, properties took a little longer to sell but the demand for them rose by over 30%. So, lots more buyers pulling the trigger on a condo but taking their time to make the decision and then paying less. The ratio of sale price to list price stayed static at 95.2%
With 560 new listings in Q1 ’26 and only 167 sales, we remain firmly in a “Buyers’ Market”.
The real dichotomy was in The Blue Mountains where condos lost great average value and single family homes increased by a huge amount. A closer look shows that the median condo sale was $485,000, skewing the average values to the low side, whereas the median sale price of a detached home was $1,575,000, indeed with 4 sales over $3.5M, definitely skewing the averages to the high side. What might the future hold? … Summarizing four national measurements of Consumer Confidence, as of early April 2026, the dominant picture is one of tentative, below-average consumer sentiment with limited upward momentum. Lower confidence correlates with caution on big-ticket purchases and discretionary spending. The big market correction we are experiencing will not change until consumer confidence increases. Meanwhile very realistic Sellers will sell, and forward thinking Buyers will take advantage of the plethora of choice and lack of competition for the purchase they desire.
HIGHS, LOWS & SPECIFICS (brackets show 2025 year end values)
COLLINGWOOD:
Condo sales up in number and value, less detached home sales with values down.
- The high sale was a waterfront home of 20+ years on 79’ frontage in east Collingwood for $1,911,000.
- The low sale was a 1 bedroom, 1 bath condo in Living Stone (aka Cranberry) for $268,210.
- 47 (34) condo sales; avg of 74 (69) days on market (DOM), avg sale-to-list-price ratio of 95.3% (96.3%); avg sale price of $601,139 ($588,239), up 2.2%
- 54 (66) single-family home sales; avg DOM of 50 (49); avg sale-to-list-price ratio of 96.4% (96.3%); avg sale price of $859,441 ($890,792), down about 3.5%.
THE BLUE MOUNTAINS:
More condo sales with great loss in value, less detached home sales with values way up.
- The high sale was a custom Craigleith Ski Club area home for $4,495,000.
- The low sale was a 409 SF studio condo in the Westin at The Village at Blue for $210,000.
- 31 (24) condo sales; avg of 62 (63) DOM; avg sale-to-list price ratio of95.1% (96.3%); avg sale price of$537,090 ($663,062), down about 19%.
- 38 (56) single-family home sales; avg DOM of 74 (68); avg sale-to-listprice ratio of 94.6% (95.3%); avg sale price of $1,834,329 ($1,375,399), up a remarkable 33%.
CLEARVIEW (northwest):
Many less sales with values down
- The high sale was a custom home on 19 acres west of Collingwood towards Blue Mountain for $2,475,000.
- The low sale was a small cabin on a nice lot in downtown Creemore for $300,000.
- 23 (38) single-family home sales; avg of 59 (58) DOM; avg sale-to-list-price ratio of 95.6% (96.3%); avg sale price of $920,717 ($1,006,142), down approx. 8.5%.
Data based in whole or in part on MLS® System data owned by the Association covering Jan. 1, 2026 – March 31, 2026.
